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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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Hyundai introduces 2018 Sonata Hybrid and Plug-in Hybrid models at Chicago Auto Show

Green Car Congress

Hyundai unveiled the redesigned 2018 Sonata Hybrid and Plug-in Hybrid models at the Chicago Auto Show. Sonata Plug-in Hybrid buyers are currently eligible for a $4,919 federal tax credit. In addition, the Sonata Plug-in Hybrid is eligible for HOV-lane access in certain states.

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Mercedes-Benz B-Class Electric Drive priced at $41,450 for US; 85-mile range

Green Car Congress

Customers may be eligible for federal tax credits (which run up to $7,500) or state/local tax credits. The MY14 B-Class Electric Vehicle will be available beginning in mid-July to dealers in California; Connecticut; Maine; Maryland; Massachusetts; New Jersey; New York; Oregon; Rhode Island; and Vermont.

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California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

Green Car Congress

Europe has gasoline taxes over $4 per gallon and still finds the need to adopt aggressive performance standards for cars to reduce GHGs and oil use. Currently, nine states have done so: Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island, and Vermont.

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